'E-Sahyog' and 'E-Assessment' to be Expanded Further

Emphasizing use of technology in taxation department in a big way to make life simpler for a law-abiding citizen. Shri Arun Jaitley announced expansion in the scope of e-Assessment to all assesses in seven mega cities in the coming years.

Interest @ 9% per annum against normal rate of 6% per annum for delay in giving effect to Appellate Order beyond 90 days will be chargeable.

To reduce compliance cost especially for small tax payers 'e-Sahyog' will be expanded, he said.

Shri Jaitley said that direct tax proposals would result in revenue loss of Rs.1060 Crore and indirect proposals are expected to yield Rs.20670 Crore which means a revenue gain of Rs.19610 Crore. The Finance Minister said that government have a desire to provide socio-economic security to every Indian, especially the farmers, the poor and the vulnerable; a dream to see a more prosperous India; and a vision to 'Transform India'.

Source : Equity Bulls

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